Coinbase、DEX 和鏈上資產：新時代？

Coinbase 通過 DEX 交易更深入地研究 DeFi，而 Cardano 通過 Coinbase 看到了機構的興趣，這標誌著鏈上資產動態的轉變。

Coinbase, DEX, and Onchain Assets: A New Era?

Coinbase、DEX 和鏈上資產：新時代？

Coinbase is making waves by integrating decentralized exchange (DEX) trading directly into its platform, opening up a world of onchain assets for its users. This move, coupled with growing institutional interest in assets like Cardano (ADA) through Coinbase, signals a significant shift in the crypto landscape. Let’s dive in, New York style.

Coinbase 通過將去中心化交易所 (DEX) 交易直接集成到其平台中而掀起了波瀾，為用戶開闢了一個鏈上資產的世界。這一舉措，加上機構通過 Coinbase 對 Cardano (ADA) 等資產的興趣日益濃厚，標誌著加密貨幣格局的重大轉變。讓我們深入了解紐約風格。

Coinbase Goes DEX: Millions of Tokens at Your Fingertips

Coinbase 走向 DEX：數百萬代幣觸手可及

Coinbase has officially launched DEX trading in the US (excluding New York, sorry folks!), letting users trade millions of onchain assets right within the app. Previously, Coinbase users were limited to around 300 listed assets. Now, they can access millions of tokens on Base, Coinbase’s Layer 2 blockchain. Think of it as going from a curated art gallery to the entire internet of art – a massive expansion!

Coinbase 已在美國正式推出 DEX 交易（不包括紐約，對不起各位！），讓用戶可以在應用程序內交易數百萬鏈上資產。此前，Coinbase 用戶僅限於 300 種左右的上市資產。現在，他們可以訪問 Coinbase 的第 2 層區塊鏈 Base 上的數百萬個代幣。可以把它想像成從一個策劃的藝術畫廊到整個藝術互聯網——一次大規模的擴張！

This update integrates liquidity from platforms like 1inch and 0x, bringing non-custodial token swaps to the masses. Early supported projects include Virtuals AI Agents, Reserve Protocol DTFs, and more. Coinbase plans to continually add new Base assets, so users can trade freshly launched tokens almost immediately.

此更新集成了 1inch 和 0x 等平台的流動性，為大眾帶來非託管代幣交換。早期支持的項目包括 Virtuals AI Agents、Reserve Protocol DTF 等。 Coinbase 計劃不斷添加新的 Base 資產，以便用戶幾乎可以立即交易新推出的代幣。

Trading Made Easy (and Safe-ish)

交易變得簡單（而且安全）

Coinbase is focusing on accessibility with its new DEX experience. The platform scans liquidity across various DEXs like Uniswap and Aerodrome to find the best prices automatically. Plus, they're integrating onchain data analytics to flag potentially risky or fraudulent tokens, adding a layer of safety not always found in the DeFi wild west.

Coinbase 專注於其新的 DEX 體驗的可訪問性。該平台掃描 Uniswap 和 Aerodrome 等各種 DEX 的流動性，以自動找到最佳價格。此外，他們還集成了鏈上數據分析來標記潛在風險或欺詐性代幣，增加了 DeFi 狂野西部並不常見的安全層。

Cardano's Coinbase Connection: An Institutional Thumbs-Up?

卡爾達諾與 Coinbase 的聯繫：機構豎起大拇指？

Meanwhile, Cardano (ADA) is showing renewed momentum, breaking through its 50-day moving average. Interestingly, Coinbase has seen a whopping 462% increase in Cardano (ADA) holdings, totaling 9.56 million ADA. This surge coincides with the rapid growth of Coinbase Wrapped ADA on the Base network.

與此同時，卡爾達諾（ADA）顯示出新的勢頭，突破了 50 日移動均線。有趣的是，Coinbase 的 Cardano (ADA) 持有量猛增 462%，達到 956 萬枚 ADA。這一激增與 Coinbase Wrapped ADA 在 Base 網絡上的快速增長同時發生。

This increase suggests growing onchain utility and storage demand from larger players. In contrast, Ripple (XRP) reserves on Coinbase dropped dramatically, hinting at a shift in preference towards wrapped Cardano products. Could this be a sign of institutional interest in Cardano? It sure looks like it.

這種增長表明較大參與者的鏈上實用性和存儲需求不斷增長。相比之下，Coinbase 上的 Ripple (XRP) 儲備急劇下降，暗示人們對包裝式卡爾達諾產品的偏好發生了轉變。這是否表明機構對卡爾達諾感興趣？看起來確實很像。

The Bigger Picture: Bridging TradFi and DeFi

更大的圖景：連接 TradFi 和 DeFi

Coinbase's move into DEX trading and the institutional interest in Cardano (ADA) are both pieces of a larger puzzle: the convergence of traditional finance (TradFi) and decentralized finance (DeFi). Projects like OpenEden are also working to bridge this gap by tokenizing real-world assets (RWAs) like US Treasuries, offering regulated and secure onchain access to these assets.

Coinbase 進軍 DEX 交易以及機構對 Cardano (ADA) 的興趣都是一個更大難題的一部分：傳統金融 (TradFi) 和去中心化金融 (DeFi) 的融合。 OpenEden 等項目也在努力通過對美國國債等現實世界資產 (RWA) 進行代幣化來彌合這一差距，提供對這些資產的受監管且安全的鏈上訪問。

Tokenization is the key here, turning real-world assets into digital tokens that can be traded on the blockchain. This opens up new opportunities for liquidity, efficiency, and transparency, but it also requires careful attention to compliance and security. OpenEden, for example, operates through regulated entities and uses institutional-grade custodians like The Bank of New York Mellon (BNY) to ensure the safety of its assets.

代幣化是這裡的關鍵，將現實世界的資產轉化為可以在區塊鏈上交易的數字代幣。這為流動性、效率和透明度帶來了新的機會，但也需要仔細關注合規性和安全性。例如，OpenEden 通過受監管的實體運營，並使用紐約梅隆銀行 (BNY) 等機構級託管機構來確保其資產的安全。

My Two Satoshis: A Cautiously Optimistic View

我的兩個中本聰：謹慎樂觀的觀點

While the integration of DEXs and tokenized RWAs into mainstream platforms like Coinbase is exciting, it's important to proceed with caution. DeFi is still a relatively new and rapidly evolving space, and there are risks involved. However, the potential benefits – increased access to financial markets, greater transparency, and new investment opportunities – are too significant to ignore. As always, do your own research and only invest what you can afford to lose.

雖然將 DEX 和代幣化 RWA 集成到 Coinbase 等主流平台令人興奮，但謹慎行事也很重要。 DeFi 仍然是一個相對較新且快速發展的領域，並且存在風險。然而，潛在的好處——增加金融市場准入、提高透明度和新的投資機會——是不容忽視的。一如既往，進行自己的研究，並只投資您能承受損失的部分。

What's Next? Solana and Beyond

接下來是什麼？ Solana 及其他

Coinbase plans to add DEX support for more networks, starting with Solana, and expand DEX functionality to more international markets. This will further extend onchain access to millions of users worldwide.

Coinbase 計劃從 Solana 開始為更多網絡添加 DEX 支持，並將 DEX 功能擴展到更多國際市場。這將進一步將鏈上訪問擴展到全球數百萬用戶。

So, keep an eye on Coinbase and the evolving landscape of DEXs and onchain assets. It's a wild ride, but it could be the future of finance. And hey, maybe one day even New Yorkers will get to join the fun (no offense, guys).

因此，請密切關注 Coinbase 以及 DEX 和鏈上資產不斷發展的格局。這是一次瘋狂的旅程，但它可能是金融的未來。嘿，也許有一天，連紐約人也能加入其中（無意冒犯，伙計們）。

Stay tuned, crypto fam! The future is looking... well, decentralized. Let's just hope it doesn't get too crazy out there!

請繼續關注，加密貨幣愛好者！未來看起來……嗯，去中心化。我們只希望事情不會變得太瘋狂！